Growth … What growth?

This study focuses on economic turmoil in the UK between 06September and 19October2022 consequent a “mini budget” announced by then Chancellor. Contrary to pre-announcement growth expectations, firms lost about 0.30% daily excess returns £0.87 million market value. UK's “Moron Risk Premium” increased 0.48%. Analyses with Google Search Volume Index support this devastating effect companies. Durables, construction, manufacturing, wholesale & retail sectors were less affected turbulence. We concluded that low-tax policy does not always convince markets of future growth, particularly during high inflation political instability.